How to calculate property taxes in Ohio
To estimate property taxes in Ohio, multiply the home value by the local property tax rate. This page applies the state average effective rate of 1.56%, so a property valued at $500,000 would have an estimated annual property tax of $7,800.
Ohio rates are set locally and differ by school district and municipality, with reductions from rollback and homestead programs.
Actual tax bills can include county, city, school district, exemption, and assessment rules, so investors should verify the final number with the local assessor before closing.
Comparing returns across markets? Use the cap rate calculator and cash-on-cash return calculator, which let you include property taxes as an operating expense.